MQS Management LLC Acquires Shares of 18,436 Invitation Homes Inc. (NYSE:INVH)

MQS Management LLC bought a new position in shares of Invitation Homes Inc. (NYSE:INVH) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,436 shares of the company’s stock, valued at approximately $650,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INVH. Aigen Investment Management LP grew its stake in Invitation Homes by 312.2% during the third quarter. Aigen Investment Management LP now owns 23,357 shares of the company’s stock worth $824,000 after buying an additional 17,690 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Invitation Homes by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company’s stock valued at $125,330,000 after acquiring an additional 50,881 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Invitation Homes by 323.5% during the third quarter. Los Angeles Capital Management LLC now owns 31,219 shares of the company’s stock valued at $1,101,000 after purchasing an additional 23,847 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Invitation Homes by 0.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 671,085 shares of the company’s stock worth $23,662,000 after purchasing an additional 2,833 shares during the last quarter. Finally, Atria Investments Inc increased its stake in shares of Invitation Homes by 4.4% in the 3rd quarter. Atria Investments Inc now owns 25,859 shares of the company’s stock valued at $912,000 after purchasing an additional 1,094 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Down 1.2 %

INVH opened at $33.43 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50-day moving average is $34.51 and its 200 day moving average is $35.05. The firm has a market capitalization of $20.48 billion, a PE ratio of 47.09, a P/E/G ratio of 4.79 and a beta of 1.02. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.35%. Invitation Homes’s dividend payout ratio (DPR) is currently 157.75%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group began coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target on the stock. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Royal Bank of Canada decreased their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $37.00 to $38.00 in a report on Monday, August 26th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.